5835 Tower Road
About This Property
The unique floor plan provides a thoughtful layout, offering privacy by setting the primary bedroom apart from the additional living spaces. Practical upgrades abound, including dual-paned windows, a new covered patio, and fresh window awnings that enhance the home's curb appeal. An attached, oversized two-car garage with a dedicated laundry area adds to the convenience of the property.
While this residence is move-in ready and meticulously maintained by long-time owners, it also presents a canvas for your imagination. The expansive lot offers limitless opportunities-consider creating a private, enclosed front courtyard or exploring the potential for a detached ADU.
The location is truly unbeatable, situated near the vibrant Magnolia Center and the historic Downtown District. With easy access to major transportation for commuting and close proximity to Riverside City College and UC Riverside, this home places you at the center of it all. This is a rare opportunity to own a turn-key property with significant upside in one of Riverside's most cherished areas.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2026 | Listed by COMPASS | $599,900 | |
| Listed by COMPASS | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017